AUCloud set to acquire PCG Cyber, Venn IT Solutions and Arado for $28 million
SYDNEY, AUSTRALIA: Sovereign Cloud Holdings Limited (AUCloud) is set to acquire three businesses, aiming for product and revenue diversification and a profitability path by FY25. The acquisitions are part of a strategic review to enhance capabilities in cybersecurity and cloud solutions. The combined entity, MergeCo, is expected to generate an Underlying EBITDA of approximately $4.7…